You are right. But for the people in charge, it's probably in their selfish interests to kick the can down the road (like they always did in the past for just about everything else) for future politicians and hopefully a stronger economy to deal with. It's a little baffling they're fighting so hard against it now, especially in an election year.
You can certainly not give any money out to anyone, and watch as society crumbles, the government overthrown, and a new government put in place. Have fun with that. Might be where we are headed anyway, they just delayed it a couple of months with the one time stimulus check.
I think it still might not happen, but that's mainly because Americans have gotten so soft from inertia and just enough kitchen scraps given to the working class over the years that it'll take a lot to get us to that point. But then again we did just have one of the largest demonstrations of civil unrest in the country in about 50 years, so who knows.
Indeed, we may see century bonds soon. It's popular to laden future generations with the current generations debts. Mostly because they can't vote against it since they aren't born yet.
I've made the ironic argument before that Americans suffer from too much stability. Since the economy and currency has been so stable for so long, many haven't bothered to develop good financial habits.
You can certainly not give any money out to anyone, and watch as society crumbles, the government overthrown, and a new government put in place. Have fun with that. Might be where we are headed anyway, they just delayed it a couple of months with the one time stimulus check.
I think it still might not happen, but that's mainly because Americans have gotten so soft from inertia and just enough kitchen scraps given to the working class over the years that it'll take a lot to get us to that point. But then again we did just have one of the largest demonstrations of civil unrest in the country in about 50 years, so who knows.